ALICO, INC. 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Common Stock Our common stock is traded on the Nasdaq Global Select Market under the symbol ALCO. Holders On December 4, 2023, our stock transfer records indicated there were 394 holders of record of our common stock. A greater number of holders of our common stock are “street name,” or beneficial holders, whose shares are held by banks, brokers and other financial institutions. Dividend Policy The declaration and amount of any actual cash dividend are in the sole discretion of our Board of Directors and are subject to numerous factors that ordinarily affect dividend policy, including the results of our operations and financial position, as well as general economic and business conditions. • The Board of Directors approved a dividend of $0.05 per common share for our fourth quarter fiscal year 2023 in September 2023. • The Board of Directors approved the reduction of our annual dividend to $0.20 per common share in December 2022. • The Board of Directors approved the increase of our annual dividend to $2.00 per common share in June 2021. Recent Sales of Unregistered Securities None Item 6. [Reserved] 22 Table of Contents